world financial crisis

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Rustam Tankayev: Oil could reach $100 in 2016

Rustam Tankayev: Oil could reach $100 in 2016

A leading expert of the Union of Russian Oil and Gas, Rustam Tankayev, suggests that the price of oil during the second half of 2016 will begin to grow in leaps and bounds, and could reach $100 at the peak, but then it will begin to roll …

 Experts predict sharp decline in oil prices

Experts predict sharp decline in oil prices

Goldman Sachs predicted further sharp decline in oil prices on the back of close to maximum capacity seen in the refined product inventories, New York Times reports. Now distillate storage …

Ali Al Mansoori: $ 50 a barrel is gift to world

Ali Al Mansoori: $ 50 a barrel is gift to world

It is a gift to the world that oil has dropped to $50, as prices should be low enough to spur economic growth, the head of Abu Dhabi’s Department of Economic Development, Ali Al Mansoori, said. "Would we …

Naspers buys majority stake in Avito

Naspers buys majority stake in Avito

Africa’s Naspers bought 31%stake in Russian internet advertising company Avito, paying $846 million to Kinnevik. Thus, the media group increased its stake to 67.9%. Avito, which is the largest classifieds site in …

Kazakh President proposes creating world currency

Kazakh President proposes creating world currency

Kazakh President Nursultan Nazarbayev in his speech at the 70th session of the UN General Assembly proposed to create a new supranational currency, which should be relevant to the targets of global sustainable development. …

Richard Grasso: today’s market isn’t fair

Richard Grasso: today’s market isn’t fair

The former head of the New York Stock Exchange, Richard Grasso, told the Wall Street Journal that modern markets have sacrificed fairness for speed. There were 1287 trading halts. Typically, there ...

Greece to default tomorrow

Greece to default tomorrow

The Greek government will not be able to pay the debt of $1.54 billion to the International Monetary Fund on June 30, resulting in a technical default. The government prevented the default today by paying 50,000 euros to the European Financial …